Share on

Asia Pacific Chocolate Powdered Drinks Market By Type ( Dark Chocolate Drink, Milk Chocolate Drink And White Chocolate Drink), By End Users ( Energy Drinks, Milk Beverages, Cappuccino Mixes, Protein Shakes And Chocolate Drinks) , By Distribution Channel ( Supermarkets And Hypermarkets, Convenience Stores, Speciality Stores, Online Stores) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 6123
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Chocolate Powdered Drinks Market Size Analysis 2022 - 2027:

Asia Pacific Chocolate Powdered Drinks Market size was at USD 6.09 billion in 2021 and is anticipated to develop over USD 8.9 billion, registering a CAGR of 5.42% throughout the outlook period 2022 - 2027.

The chocolate powder can be mixed instantly with water or milk to prepare delicious chocolate drinks. Water-based powdered chocolate drinks are generally cold drinks that include carbonated drinks or energy drinks. While milk-based chocolate drinks include chocolate drinks, protein shakes, and cappuccino mixes.

Asia Pacific Chocolate Powdered Drinks Market Size

Recent Developments in Asia Pacific Chocolate Powdered Drinks Market:

  1. Nestlé introduced its new Nesquik All Natural powder that includes natural ingredients and offered in a recyclable paper bag. Nesquik All Natural powder is supposed to be launched in in France, Italy, Germany, Portugal and Spain of Europe.
  2. Archer Daniels Midland Company announced the acquisition of World's Finest Chocolate's Cook range of cocoa powder, i.e., De Zaan® cocoa powders.
  3. Mondelez International, famous for its brands like Oreo and others is gradually expanding its product portfolio in the Indian market, which will soon cross billion-dollar revenues.
  4. Cargill India is expanding its presence in the country and has developed a plan to expand its portfolio, which includes aquafeeds and aquatic premixes, animal feed, plant for fuel transfer, and strengthening the edible oil brand, according to requirements of chocolate companies.
  5. Cargill is expanding its business by acquiring Smet, a Belgian manufacturer of chocolate and candy decorations. The deal will strengthen Cargill's food-focused business arm, which includes an already established inventory of cocoa and chocolate treats.
  6. In February 2019, Olam International has signed an agreement that includes the acquisition of BT Cocoa, Indonesia. The agreement will help Olam International capitalize on the Asian market to become a major global supplier of cocoa powder.
  7. In January 2019, Cargill, Incorporated announced a $ 200 million investment in Pakistan to build capacity that will help deliver services across the country.

Asia Pacific Chocolate Powdered Drinks Market Report Coverage:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

5.42%

Segments Covered

By Type, By End User, and By Distribution Channel

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Countries Covered

Japan, India, China, Singapore, Malaysia, Korea

Market Leaders Profiled

Mondelez International, Kellogg Co., Campbell Soup Co., Nestle SA, United Biscuits, PepsiCo, M. Dias Branco, Britannia Industries, Barilla G. e R. Fratelli, and Arcor U.S.A., Kraft Foods, Thomas Tunnock Limited, Nutrexpa, Paterson Arran Limited

Market Drivers and Restraints:

The APAC chocolate powdered drinks market is primarily driven by emerging trends such as the healthy enjoyment of low-fat and sugar-free chocolates. Today, consumers are concerned about the origin of the ingredients used in chocolate for several reasons. The growing demand for ethically harvested cocoa and single plantation cocoa is driving the growth of the premium Asia Pacific Chocolate Powdered Drinks. The trend towards premiumization of chocolate confectionery products in developing economies such as China and India, together with the high demand for higher quality chocolates with attractive packaging, is contributing to the growth of the Asia Pacific Chocolate Powdered Drinks Market. The increasing impact of Western culture, increasing consumer disposable income and increasing population are the main factors driving the growth of powdered chocolate beverages in the area. Innovation in the field of powdered chocolate drinks with health benefits like DHA fortification, nuts, natural herbs, natural flavors, is driving the demand for Asia Pacific Chocolate Powdered Drinks Market.

Organic powdered chocolate drinks remain rare and niche, which may offer an opportunity for participants from various organic brands. The increasing popularity of these ingredients may adversely affect the Asia Pacific Chocolate Powdered Drinks Market due to the easy availability and cost effectiveness of the products. The good fat stability and improved fat composition profile of cocoa butter substitutes are driving their growth in the Asia Pacific market. According to the Global Shea Alliance, pastry chefs are increasingly replacing cocoa butter with CBE (Cocoa Butter Equivalents) derived from a blend of shea stearin and middle palm fraction due to reduced costs, better functionality and increased durability. Additionally, improving the taste and effective branding of powdered beverages by manufacturers is an important factor in supporting market growth. However, adulteration and poor quality of products are a limiting factor affecting the expansion of the local market.

Market Segmentation

The Asia Pacific Chocolate Powdered Drinks market is segmented by type, end-users, and distribution channels.

Based on the type, the chocolate powdered drinks market is segmented into dark chocolate drink, milk chocolate drink, and white chocolate drink. Based on the end-users, the market is segregated as energy drinks, dairy drinks, cappuccino mixes, protein shakes, and chocolate drinks. On the basis of the distribution channel, the market is separated into supermarkets/ hypermarkets, specialty stores, convenience stores, online and grocery stores. Within the distribution channels, the supermarkets/ hypermarkets segment contributed the dominant share in the local market. Increased availability of various products on e-commerce sites is supposed to boost the online segment in the coming days.

Impact of COVID-19 on Asia Pacific Chocolate Powdered Drinks Market

The Asia Pacific Chocolate Powdered Drinks Market has experienced a sudden halt amid the outbreak of the Coronavirus pandemic due to the major shift in demand dynamics. The pandemic is expected to negatively affect sales in Asian countries for a period of time due to the unexpected lockdown. Chocolate confectionery and cocoa are not considered essential products and consumer demand for these products has declined in these countries in recent months. The novel coronavirus is expected to reduce demand for Asia Pacific Chocolate Powdered Drinks ingredients in several countries around the world, while disrupting the supply chain for a short period. Furthermore, the demand for high-end products is likely to gradually decrease in Asian countries due to the economic crisis.

Regional Analysis

The Asia Pacific Chocolate Powdered Drinks market has been categorized based on geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The Asia-Pacific region shows significant growth potential in this market, due to the strengthening of the economic situation in countries such as India and China. In addition, the large population in these countries is a major factor in the demand for flavored powders in Asia Pacific. An important factor in the growth in demand for flavored powders in Asia Pacific is the increase in the workforce. The market in China is still in a development stage compared to other developed markets such as Japan and Australia. The rapidly growing middle class population, urbanization, and changing consumer tastes have contributed to the increased appetite for chocolate in the country. Growing consumer interest in organic products has opened several opportunities for major players in the Chinese market. With the rising call for organic labels, well-established brands in this business are focusing on strengthening their market in China by introducing a portfolio of organic chocolate products to their shelves. Nations like India are still in a nascent stage.

Leading Company

Nestle S.A. had the largest share of the Asia Pacific Chocolate Powdered Drinks Market in terms of sales revenue in 2021.

Key Players

Major players in the Asia Pacific Chocolate Powdered Drinks Market include Niche Cocoa Industry, Nestle S.A., BD Associates Ghana Ltd, ECOM Agroindustrial Corporation Ltd., Fuji Oil Company, Ltd., Barry Callebaut AG, Olam International, and Cargill.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample